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secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is saying. >> they're saying saudi arabia figures saying we produce less. now the i.a. saying they produc
% and 1.6%. there's also no political crisis in italy by the way. support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the situation is like within that central right next. the pdl has made it clear that there is a serious disagreement within the party. they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as
of putting on taxes. >>> france, italy, the united kingdom, even greece is raising its tax rates and it's not helping at all. growth rate is very low. thank you. bugging your bus with your own tax dollars. government says it's eefgs dropping for your own safety, folks, but it is just a costly invasion of your privacy? wow. these are really good. you act surprised. aah! aah! practice makes perfect. announcer: you don't have to be perfect to be a perfect parent. there are thousands of teens in foster care who don't need perfection, they need you. >>> nothing private anymore. san francisco the latest city putting eavesdropping devices on public buses. department homeland security dishing out $6 million to the city by the bay so it can listen into the passengers and more towns are planning to do the same thing. and john hates the idea. why? >> its horrifying blast to the iron curtain world of the past where brutal governments snoop on people. we're not subjects of the federal government. they work for us. the idea they become angels so they can look over us is really scary thing. >> it's th
instead of putting on taxes. >>> france, italy, the united kingdom, even greece is raising its tax rates and it's not helping at all. growth rate is very low. thank you. bugging your bus with your own tax dollars. government says it's eefgs dropping for your own safety, folks, but it is just a costly invasion of your privacy? >>> nothing private anymore. san francisco the latest city putting eavesdropping devices on public buses. department homeland security dishing out $6 million to the city by the bay so it can listen into the passengers and more towns are planning to do the same thing. and john hates the idea. why? >> its horrifying blast to the iron curtain world of the past where brutal governments snoop on people. we're not subjects of the federal government. they work for us. the idea they become angels so they can look over us is really scary thing. >> it's the worst of the past. big brother era and worst of the future with high technology. what do you think? >> please. come on. a lot of crime happens on buses. i think it's a great idea we have cameras in there. it's not like som
roughly speaking in the likes of italy and france and actually grew for germany. then in q4, it seems that there is a greater degree of destocking i think, materializing. i think that is going to lead to some weakness on the industrial production side and it does appear that the austerity is very much perceived by household and by service sector companies. and that explains this relatively soft data. it's a sign that really we are still in a period of multi-year major fiscal entrenchment and at the same time, we have a very cautious perspective towards taking on debt. both by the suppliers and the demanders of that debt. >> julian, very briefly, will we see more qe? will we see any more next year or not? >> well, it will depend, i think, on how things develop. on our baseline forecast, the answer to that would be no because we are looking for recovery coming through really reasonably significantly from the first quarter of next year with .4% quarter on quarter. >> julian, thanks for that. always good to see you. julian kelly joining us from barclays. which country is more corrupt and
's happening with italian politics. of course, mario monti saying he was going to resign as italy's prime minister. that paves the way for flesh elections to be called in the beginning of next year. yesterday, we saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at european bourses, if that's possible, down near the ftse mib, this is the one selling off somewhere in the range of 3.5% yesterday. today it's adding about .8%. in spain, showing a nice rebound. same attitude listing peripheral debt. we can take a look there. italy and spain seeing prices rise, yields falling to 4.75% and 5.75% respectively. is investor attention returning to spain? here is the thing. italy is the third biggest government debt market in the world. it's the third biggest economy in the eurozone. whatever happens with its political situation could p
for government to keep raising the value added tax. we've seen it happened in spain, italy and greece and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components a
class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal. what does that mean? what are you watching today? >> good morning, kelly. the thing i'm watching most specifically is the vix. i think the vix is the most distilled measure of risk that we have in the marketplace right now. we've noticed that the vix has gone from a fairly low range of 12 to 14. we're up over 20 now, which to me is an area of concern. if we begin to move higher, once again, i think we should watch out for market-based effects. >> we have, as you mentioned, started to see that outperformer. it's interesting in a year when the vix is tamed we haven't seen more volatility. in fact, as you look out at some of
. europe's economic problems are straining ancient fault lines. northern italy recent having ineffective bailout of neighbors. there's an irony. if you apply that across the continent, the eurozone itself would fall apart, perhaps starting with the departure of germany. by the way, if we applied that logic in america, states like new york, california, connecticut could point out they in effect subsidize states like alabama, mississippi, montana, states ironically the most fervent advocates of state rights and small government. >>> up next, we'll take you into the heart of darkness, one of africa's most troubled nations has taken a turn for the worse. back in a moment. who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! one more way quicken loans is engineered to amaze. music is a universal language. but when i was in an accident...
. that ship left new york earlier headed to italy. the crew experienced but somewhere along the way they vanished. supplies and cargo untouched. the crews valuables still right there where they left them. the only thing missing one single life boat. to this day it sun clear what happened. theories abound everything from underwater earthquakes to sea monsters to ufo's and a ghost ship sailed into the twilight zone 140 years ago today. and now you know the news for this tuesday, december the 4th, 2012. i'm shepard smith. be we go loo alook at the lighting of the capitol christmas tree. john boehner gave an eagle scout the honor of flipping that switch. >> 3,
there are two that we're watching for american investors. one is greece, one is italy. the developments today are both good from an american investing perspective because they keep a lid on what's happening in those two respects. in greece there was trouble on the streets of athens last night as a result of left-wing protesters and students out and police using tear gas to disperse them as they protested the death of a teenager as a result of a police shooting four years ago, but the more important thing from a market perspective is that in 30 minutes' time now, the book will close on the greek debt buyback. now, remember what's happening here. the greek government is borrowing 10 billion euros from the rest of europe to buy back its own debt at a discount. if it does that successfully, by midday our time when that book closes, then more cash will flow through from the rest of europe, possibly next week it will be able to repay its bills and capitalize on the banks. let's check the close. >> the european markets are closing now. >> so we kind of went nowhere today. a lot of these markets in e
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll get the bank of japan's decision tomorrow. but this comes on the day when, remember, it's on the weakening of the yen which we can show you on hopes that that will help the japanese corporate sector. remember, we saw export figures showing a drop of 20% in exports to the use. 15% to china. again, there's a lot of expectation built to this. the aussie/dollar remains the underperformer as we continue to evaluate china's internal rebalancing. now the sterling is stronger, the dollar/yen you already mentioned. and the euro/dollar to get back to the point about the ifo survey is adding .3% to 132.-- 1.3274. we ge
. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, j
dramatically worse. in portugal, spain, italy, there is deepening political dysfunction in the european union. thases one place to look -- that's one place to look. it will encourage russia to make moves of its own. you mentioned south africa. south africa is not going in a good direction. it was supposed to be the most optimistic spot on the african continent. i don't see many bright spots. maybe new zealand, but even the new zealand economy is heading south. >>> still ahead, counting down to obamacare. big changes could be coming in 2013 for you and your family thanks to the y president's health care overhaul. we'll tell you what to expect when we come back. >>> well, get ready, america, for the arrival of obamacare. key provisions of the mammoth health care overhaulro kick in. the editorial board member is here to tell you what to expect. or as we call the bill, joe, the lifetime employment act. so what can we expect this year? >> well, look, the bill ramps up starting in october 2013. so you are going to have three big changes. it is pouring out of the obama administration and regulation
. in portugal, spain, italy, there isening political dysfunction. that is going to encourage russia to make moves of its own. you mention south africa, south africa is not going in 'n a good direction. it was supposed to be the most optimistic spot. maybe new zealand but somebody told me they are heading south. >> paul: coming down to obamacare. big changes may be coming for 2013 for you and your family thanks to the president's healthcare overhaul. we'll tell you what to expect when we come back. ly? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi pri
. >> the european markets are closing now. >> remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay
of comments about what happens happening in europe and the need to liberalize the taxi systems in italy and so forth. are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york city is outside the core service area in midtown, downtown manhattan. mayor bloomberg has gotten legislation out to let us create a whole separate class of taxis that will operate in the boroughs. we do need more cabs. that $1 million price -- >> did it get approved? >> the governor signed it, the taxi owners, they have a lot at stake. they've sued and it's in court now. we're going to get a final decision by may or june. i'm sure we're going to win and put the new meltions on the street. >> d
in their economy, if not a recession. >> yes. you can see it in italy. you can see it in japan. the reason for that is that the number of workers supporting the proportionate number of retirees to ross over time. there simply is not as much money being kicked into a system. stuart: japan has a far bigger debt than any european country and far bigger than the united states. i think that is true as a proportion of the gdp. >> when you add all the debt to gather, the figure is far higher. in fact, it is closer to 500% of gdp. stuart: hold on, let's get back to america. we have a lower birthrate. the loss in american history. but don't we also have mass immigration, which makes up, i think, for a lower birthrate. our population still experience. we are nowhere near the japan issue, really. >> this is the beginning of another step that reinforces the fact that we are headed down the same path. japan has had eight failed fiscal stimulus programs. we have had three or four, depending on how you count them. at what point, do we stop in washington and say we may have a fundamental problem here. the
in a wheelchair. on april 14, 1969, the same date he was injured in the hills of italy 24 years earlier, he made his maiden speech on the topic of americans with disabilities. in every legislative initiative since then, bob dole has been a leader on behalf of people with disabilities. bills like the rehabilitation act of 1973, the individuals with disabilities education act, idea, the developmental disabilities act and the americans with disabilities act. he was responsible for including people with disabilities in the telecommunications act of 1996, and for ensuring that people with disabilities are part of the state department's annual report on human rights around the world. after leaving this chamber, bob dole prompted the congress to pass the ticket to work and work incentives act of 1999, breakthrough legislation on health care and employment for people with disabilities. this past year, he has been instrumental in working with the administration and congress to ensure bipartisan support for the convention on the rights of persons with disabilities to reflect american leadership and values
ready with unlimited support for spain and italy, when and if they sign on to oversight agreements. these are huge dramatic changes. think about how many times we've agonized over where the money would come from for bailing out spain and italy. now we know. when they sign on to oversight. >> the point is we know -- we know what the policy response already is by the ecb and the feds. so what is going to be the next catalyst to keep the markets to those new highs you're talking about? >> the next big catalyst is obviously the fiscal cliff resolution, second, you have spain sign on to oversight from the ecb. remove any possibility of spanish default and we think that lagarde is signaling that the conditions to that oversight will be a lot about labor market reforms. those are growth enhancing, so that's another great catalyst for the market. last, but certainly not least, i think you could see the new leadership team in china come more aggressive reform program than people are expecting. >> all right. michael, good to have you. >> thank you so much. >> michael jones of riverfront. >>
a cautious approach with the economy and looming fiscal cliff and the surprise announcement that italy's prime minister is going to resign. that's putting stress on europe's efforts to get control of the its crisis. >>> there are new and serious problems with apple maps on the iphone. police in mildora, australia say they've been having to rescue people because apple maps say it is located in a national park 40 miles away. some drivers have been stranded in the park without food or water while looking for mildura. others have had to walk through temperatures of 150 degrees. apple has promised to fix the app. >>> this big rig fire -- the big rick burst into flames early this morning -- big rig burst into flames early this morning. it happened in san leandro after the truck ran into power lines. two people were in the truck, they escaped safely, thanks to the quick thicking of the driver who happened to have been a volunteer firefighter. >>> a man and woman were found bound and gagged in a san francisco street. that man has since died. the two were tied -- found tied up on mansel street
backyard is not okay. >> we start this morning with breaking news from italy. >> a massive cruise ship, the ""costa concordia"" turned on its side after running aground in january. 32 passengers and crew were killed. the captain says it was an accident, not a crime, but he now faces charges. the ship's captain is being investigated for manslaughter and abandoning ship. he claims he tripped and fell into a lifeboat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mounting of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left sanford, florida, in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claimed self-defense in a case that sparked international outrage, and ignited racial tens
minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contributions. >> cappin
much better. you throw up the bund. many areas whether you talk italy or indeed greece, rates are moving down. that isn't a bad thing for funding but it does ehave peopl look at spain saying they'll do bank bailout, old program, not country bailout new program. the correction was small. goldman says stocks are the place to be. kind of making this trade a little more true than it was on its knee jerk. if you look at putting it together. you can see we're up several basis points. still not huge. if you open it up to a one-month chart, you can see that 160 remains the pivot. it's still about europe. don't despair. i'm sure the red herring of bashing tax policy in the u.s. will get to the front page before the end of the session. >> thank you very much. let's check out latest news in energy and medals with sharon epperson. >> it's the euro that we see in euro dollar helping commodities and risk on trade across the board in the sector. the fact that we are looking at that euro dollar and above 130 level is significant. also keep in mind that we did get improving factory activity. t
way or the other, we will. >> remember when we used to talk about spain? italy? >> the good old days. spain was borrowing at 7%. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the journal today says, model looks great. the business is great. the stock is just -- people want to pay a lot of money for it, jim. >> oh, yeah, costco, those are remarkable numbers. i know you did an excellent special on coastco and it seems like the execution was impressive. people want to go there. >> as gas prices come down, that helps them, given they make it a bit of a loss leader. valuation rich for your blood. >> when you go to buy a house, you see kirkland more than any other bra
in afghanistan, what happened that got you a call from the president when you were stationed in italy? >> my unit battle company, we were in a near ambush and there was 18 of us. everyone was doing everything they could. the majority of the shooting was done by all the people around me, which allowed me the freedom of movement. the taliban were trying to take a prisoner, soldier joshua brennan was shot several times and he was still alive and they were carrying him away. as i ran forward, i eliminated the threat and i grabbed sergeant brenner and brought him back to our line, as everyone else continued to fight. it's difficult for me to sit here alone because there are so many great people that are the reason why i'm here. i didn't look out for myself. they looked out for me. and two great men lost their lives that night. >> gretchen: what was it like for you to know that you had been bestowed this amazing honor that no living person has achieved since the vietnam war? >> it kind of hurt me at first. i read the stories about medal of honor recipients and they're heros, they're men that history bo
with the disabled? >> again, well intended. all kinds of surprise unintended consequences. in europe again, italy is poor. you have 15 employees, fine. you have a 16th employee, must be disabled. have 51 flows, 7% must be disabled. it just cripples the flexible of the work force. well intended, but that's why they have riots there. >> steve: listen, europe is great because they have some wonderful food and some cheeses. but you're saying we should not base our policies on theirs because they're stinkers. >> we should base it on singapore where they have 1.9% unemployment and they don't have any minimum wage north texas laws against discrimination. it's a competitive market. that protects workers. >> steve: there's got to be a social safety net of sorts though, right? >> yes. and there will be if government doesn't provide all of it, the country will be so rich that private charity also provide much more. yes! absolutely! >> steve: what color is the 1960 in your world? check out johns to -- john stossel on the fox business. >>> next, a real life nativity scene, how these people are trying to save
in italy. now our sources tell us, tell fox news, that three requests were made by those people who were under fire and lost their lives for help, for a rescue, for something. they even painted a laser target on the enemy that was shelling them. and nothing happened. three requests were turned down. petraeus said it wasn't the cia that turned that down. does that mean it was the president? >> we want to find out and only by having secretary clinton appear before our committee sometime before mid-january will we be able to know. what did she know and when did she know it? was she given real-time intelligence? remember intelligence reports were coming, even before 9/11, to say this is a soft target. this is easy picks. there are extremist elements all around this consulate. why were those security requests denied. gregg: right. >> and then on that day for seven hours we couldn't even scrap bell one jet to show support? there had to be a much better way. gregg: "the american spectator" wrote, obama's fingerprints is all over this refusal. no one in the cia command --, failure has to be obam
, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a d
and others died when the playplane crashed in the mountains between france and italy. it took decade toz recovery the wreckage. he was identified through dna testing. one oregon mom gets a special early christmas gift from her son. >> merry christmas. >> i can't believe it. >> gretchen: that is sailor jeremy fogul. his mom didn't think he would make it home. sue said the surprise means that because jeremy spent last christmas in afghanistan as well >> clayton: merry christmas to all of the brave men and women around the world. this debate is not going to go down soon. the debate over gun control in this country . this comes on the heels of what happened on friday whenways conference that was critized and he was set to go on meet the press this weekend and everybody was going to see if he would offer up a consession. he's not budging at all. >> if it is crazy to call for putting police and armed security in our scol call me crazy. i tell you what, i think the american people think it is crazy not to do it. it is the one thing that keeps people safe and the n ra will do that. we'll support
holing candles and signs. flags flown at half-staff at the u.s. embassy in rome, italy. with crosses lining the beach in rio de janiero. mourners laying flowers in the sand. in pakistan, children sending messages of compassion, lighting candles on the streets in tribute. >> steve: that's nice. meanwhile, brand-new information just coming in about adam lanza and his mother, nancy. what happened before he went on a killing spree? people doocy just people with a confidentant, a friend of nancy lanza and joins us. >> i met rich collins last night at a restaurant called my place in newtown, which was one of nancy lanza's favorite places to go fortuner and drinks. rich told me that since he has a son with autism and nancy had a son, a asburgers, they would bond sometimes about the difficulties sometimes in dealing with that. listen to what he told me. >> nancy would get upset because her son refused to let her touch him. she couldn't hug him. my son is just the opposite. she'd see my son hanging all over me. but autistic kids, each and every one of them is different. >> you said that there
, we got a three here. caller: i am about an hour from newtown. italy makes a difference if she did not have her firearms secured. -- it only makes a difference if she did not have her firearms secured. host: thanks for your time. guest: james is right about the issue with serial numbers on various parts. particularly assault rifles and can be reassembled in various ways. there are things that can be done. you can step serial numbers on various parts of the action of the gun. most guns used in crime are handguns. those have less squabble parts -- swappable parts. this point about education, that is certainly right. everyone would be a lot safer if gun owners were required to go through some sort of safety training. a lot of folks to not go through training because there are no rules in most states requiring them to do so. it is very difficult to know whether the person who is purchasing a firearm and knows what they're doing with it and knows how to secure it. that is why a lot of these guns and up being used inadvertently or otherwise in crime or accidental shootings. host:a tweet,
investors, not so sure. i wanted to show you the italian curve, italy and spanl wrapping up their fund-raising for the year. their auctions weren't all of that huge, but we are seeing yields fall, prices rise across the board as investors did show up. if we flip over to spain in particular, we can take a look at the three-year over here. a bid to cover ratio of 4.8%. one indication certainly of the kind of indications there are where the ecb is expected to be the most active if and when these countries have to access their bailout programs. now we're seeing prices in spain sell off a little bit. the ten-year, just under 5.4% is the level there. for the longer dated papers, investors are a little bit more wary. now, that news coming out of the euro group meeting, i wanted to show you the euro/dollar as we wrap up today's global market support. it's still down .1%, 1.3056. that would tell you that the resolution is largely priced in. now as focus moves into the start of next year, a couple of the key questions will be how much mario draghi follows ben bernan bernanke's caps, maybe even c
the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. don't worry, i'm going to do my best. what what are you going to do to keep people employed? >> keeping the heat on congress, came up a number of times, of course energy the press conference that followed the fed announcement but unclear what impact it will have. >> and as far as ben bernanke can do only so much he can do we all know the market's addition to the additional stimulus and the more -- increased transparency in terms of what the fed is going to target in the future, that causes the stocks to go up for maybe an hour's worth of time and then resume trading as if nothing happened. >> in the years i have been following the fed there is always a strange dichotomy, seems like the market initially gets everything wrong. but what i have always felt, in the end, we take solace, if the fed says things are getting better we ge
, italy, france and the uk. this comes one day after a federal judge denied a request by apple to ban u.s. sales of samsung smart phone models. the devices in questions are the ones that a jury back in august say illegally used apple technology. at that time apple had been awarded $1.1 billion in damages. >>> the markets, dow looks like it will open up about $68 points higher. s&p up about 10 points, the nasdaq up 22.5 points coming on some of this news that we may be getting closer on the fiscal cliff. let's check out what's going on in asia. hang seng was down off marginally. shanghai composite up marginally and the nikkei up as well. quickly in europe, you can take a look at what's going on there. the ftse up about 0.38%. cac flat, and the german dax up about 0.5. >> the white house is proposing a new deal to avoid the fiscal cliff. let's get to steve liesman with more of the details. >> you're surprised, aren't you? >> isn't it happening. >> soon as they want it done they can do it. >> you said it this morning. it's a fictitious thing. we're going to show you the movement in just a
the aviation business of italy's avio for $4.3 billion. ge is trying to expand its participation in the jet propulsion market. they were once owned by fiat and is now controlled by a european private equity firm and research in motion reported a smaller than expected also for its latest quarter. the stock is under pressure as the company saw its first-ever drop in its subscriber rolls and said it would be changing its fee structure. that is something that brings in more than a third of the nephew. it's been seen as the one real stable piece of that business. we do have the ceo thorsten heins. he'll be joining us in just about 30 minutes to talk more about this. >> there's only ten days left now to prevent automatic tack hikes and spending cuts. joining us from washington, republican congresswoman shelly moore capito. were you privy to everything that was happening yesterday? >> i was shocked when we went into the conference at 7:45 and the speaker, after offering this serenity prayer, said merry christmas, you're going home, we're not putting the vote up, we don't have the votes. i was disa
in italy. it's a 97 burnello from the montalcino area. italy had a lot to do with the design of the wine cellar. and i bought this special bottle to bring back and celebrate the fifth anniversary of the cellar opening. a unique handcrafted cellar. thanks for coming. hope you enjoyed the tour. come back anytime. what a great home cellar...you could say it's a must- have. which leads us to our in wine country pop quiz question, which of course, is a must-do. our question today, when it comes to winemaking, what is must? is it: a - a mixture of grape juice, skins and pulp b - an additive winemakers use in the barrel or c - the leftover yeast extracted from sparkling wine don't go away, we'll give you the must-know answer after the break. also ahead... other parts of the world too make sparkling wines. just because it's bubbly doesn't mean it comes from champagne. and... from my studio i can look out into this beautiful vineyard and it just helps me create. wine country is this potter's muse. i was having trouble getting out of bed in the morning because my back hurt so bad. the sleep number
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